Brokers must practice responsible lending and act in your best interest. This entails making sure a loan meets your requirements and objectives and researching the most suitable products to propose to you.
You should sign a privacy disclosure and consent document upfront, in addition a broker should run your credit report, value any existing property you have and analyse your income before making any recommendations.
That will allow a broker to advise you how much you can borrow, what your repayments will be and the timeframe to get the loan.
If you are happy with our proposal we proceed to lodge a loan application.
